SUPPLY AND DEMAND IN HOUSING

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
  • Anything under a 6-month supply is a Seller’s Market!
  • There has not been a 6-months inventory supply since August 2012!
  • Buyer Demand continues to outpace Seller Supply!

Almost all of Chester, Delaware and Montgomery counties are sellers’ markets now; but we trailed most of the rest of the nation in getting there.

Chester county got under 6 months in July of 2015; Delaware county not till December of 2015; Montgomery county go there in August, 2015. That was about 3 years after most of the rest of the nation got to a sellers’ market. We were slower, in my opinion, because of the large hangover of foreclosures and short sales we had to get through.

There are some parts of our area that are still in buyer or balanced market territory. If you would like more details, please call or text my hotline at 484-574-4088

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